Best Booze Stocks to Buy Now – Constellation Brands (STZ)
Constellation Brands (STZ) is one of the best booze stocks to buy now because STZ produces just about every kind of adult beverage imaginable. The wines division produces top brands like Robert Mondavi, Clos du Bois, Blackstone, Simi, Ravenswood, Rex Goliath, Kim Crawford, Franciscan Estate, Wild Horse and Ruffino.
And STZ also make spirits like Svedka Vodka and Black Velvet Canadian Whisky. Then there’s the Crown Imports segment … which imports, markets and sells beer primarily under the Modelo Brands that comprise Corona Extra, Corona Light, Coronita, Modelo Especial, Pacifico, Negra Modelo and Victoria brands.
No wonder Constellation Brands is posting strong sales and earnings growth this year, all while analysts have been steadily raising their estimates for next year. The strong performance was picked up by Portfolio Grader, as STZ stock was upgraded to a “strong buy” in November. STZ is still a strong buy at the current price, making it one of the best booze stocks to buy now.